🇺🇸CRYPTO INVESTORS' TRANSACTIONS TO BE REPORTED TO IRS FOR FIRST TIME

🇺🇸CRYPTO INVESTORS' TRANSACTIONS TO BE REPORTED TO IRS FOR FIRST TIME

Starting this year, crypto transactions on centralized   systems  like Coinbase and Gemini   might be  mentioned  to the IRS   through  the brand new  1099-DA form.

While   price  foundation  reporting won't   begin  till  2026, crypto ETF holders   can also additionally  face taxable   occasions  requiring   professional  tax guidance.

The new rule isn't a tax increase—  only a  compliance   degree  to   make sure  correct  reporting and   save you  noncompliance.

Source: CNN

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